Versatile Commercial Property in
1200 W Houghton Lake Drive Prudenville, MI 48651
1200 W Houghton Lake Drive, Prudenville, MI, 48651
$749,000
For Sale
$749,000
COMMERCIAL - Prudenville, MI
Property Size6,791 SF
Lot Size1.72 Acres
Price / SF$110.29
Days on Market129
Property Features for 1200 W Houghton Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- VMU
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 003-370-254-1000
- Size
- 6,791 SF
- Lot size
- 1.72 Acres
Taxes and HOA fees
- Tax Description
- Please see attached for full legal: L-1033 P-1533 223 COM AT E 1/4 COR SEC 15 TH S89DEG39'38'''' W 2082.97FT TH '' ''N0DEG00'38''''W 27.24FT FOR POB TH N0DEG00'38''''W ALG W LINE OF 9TH STREET 399.68FT '' ''TH N89DEG49'46''''W 174.74 FT TH S0DEG05'18''''....
Utilities
- Water source
- Well
Building Details
- Floors in Building
- 1
Listing Agency
CB Schmidt Houghton Lake
(989) 366-5522
1244 W Houghton Lake Drive, PRUDENVILLE, MI
Listed by
Ruth Anne Clemens · License #6506043271
(989) 429-3100
Added: Mar 11 Checked: Jul 17 at 1:06 am
MLS# 201839004
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Prudenville, MI, offers exposure and versatility in a high-traffic, accessible location. The well-maintained building provides 6791 square feet of space suitable for various business uses, including retail, service, or mixed commercial operations. The interior features a spacious open layout and flexible work areas designed to accommodate customer service and administrative needs. The property, situated on a 1.72-acre lot, includes on-site parking, convenient entry access, and road frontage for visibility and signage. The solid construction and well-kept grounds offer a turnkey opportunity for an owner-operator or an addition to an investment portfolio. Located near established businesses, residential neighborhoods, and major travel routes, this location offers growth potential and consistent traffic flow, making it suitable for expanding or relocating a business. The property is zoned VMU.
Key Highlights
- High‑traffic, easily accessible location with excellent road frontage and signage potential.
- Generous square footage suitable for retail, service, or mixed commercial operations.
- Ample on‑site parking and convenient entry access.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.5k | $12.00 |
| − Vacancy | −$11.2k | −$1.66 |
| EGI | $70.2k | $10.34 |
| − OpEx | −$21.1k | −$3.10 |
| NOI | $49.2k | $7.24 |
6,791 SF · lease $12.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$702.5K
$614.7K – $819.5K
NOI $49,172 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$977.9K – $1.30M
NOI $78,232 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
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FAQs
What type of property is this?
Storefront property - High-visibility commercial building suitable for diverse business operations.
Where is this storefront property located?
The property is located at 1200 W Houghton Lake Drive Prudenville, MI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: High‑traffic, easily accessible location with excellent road frontage and signage potential.; Generous square footage suitable for retail, service, or mixed commercial operations.; Ample on‑site parking and convenient entry access.
